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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review – The Weekly Bitcoin News

boss Bitcoin News, News

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the

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Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now

boss Exchanges, News

Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved.Update: Funds are still being actively drained from MyAlgo users. https://t.co/fzkS9PFkAm pic.twitter.com/cgrWigu2Wn— ZachXBT (@zachxbt) March 6, 2023 Meanwhile, decentralized exchange Algodex has revealed a malicious actor infiltrated a

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Warning sign for ETH price? Ethereum volume profile is down 90% since March 2020

boss Cryptocurrency Market, News

The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. Ether volume profile drops 90% since March 2020A “volume profile” indicator displays trading activity across prices,

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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News

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U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue

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SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

boss Exchanges, News

The United States Securities and Exchange Commission has announced a $1.4-million settlement with former NBA player Paul Pierce for allegedly promoting a token project on social media.In a Feb. 17 announcement, the SEC said Pierce touted EthereumMax (EMAX) tokens through social media channels without disclosing he had received payment for

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SEC chair issues warning to crypto firms after action on Kraken staking

boss Exchanges, News

United States Securities and Exchange Commission chair Gary Gensler issued a warning to crypto companies to “come in and follow the law” after the agency announced a settlement with crypto exchange Kraken.Appearing on CNBC’s ‘Squawk Box’ on Feb. 10, Gensler said crypto exchanges should register with the SEC in order

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Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip

boss Exchanges, News

Bitcoin (BTC) stayed lower at the Feb. 9 Wall Street open as a sweep of local lows increased bets of a more serious comedown.BTC/USD 4-hour candle chart (Bitstamp). Source: TradingViewTrader: "Something feels off" about BTC strengthData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded around $22,700 on

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New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning – Africa Bitcoin News

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Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer advice on trading or investing in crypto assets

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